Synaptics Inc expected to post earnings of 45 cents a share - Earnings Preview

Synaptics Incorporated

06/02/2024 21:33

* Synaptics Inc  SYNA.OQ   SYNA.O  is expected to show a
fall in
quarterly revenue when it reports  results on February 8 for the
period ending December 31 2023
    * The San Jose California-based  company is expected to
report a
33.4% decrease in revenue to $235.24 million from $353.1 million
a year ago, according to the mean estimate from 10 analysts,
based on LSEG data.The company's guidance on November 9 2023,
for the period ended December 31, was for revenue between
$220.00 million and $250.00 million.
    * ​LSEG's mean analyst estimate for Synaptics Inc is for
earnings
of 45 cents per share. The company's EPS guidance on November 9
2023, for the period ended December 31, was between $0.25 and
$0.65 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Synaptics
Inc is
$115.00​, above​ its last closing price of $105.48. ​​​

The company's guidance on November 9 2023 for the period ended
December 31 was for gross profit margin between USD51% and
USD54%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.42        0.40       0.52      Beat    29.8
 Jun. 30 2023  0.45        0.43       0.49      Beat    13.3
 Mar. 31 2023  1.85        1.86       1.89      Beat    1.8​
 Dec. 31 2022  2.34        2.34       2.20      Missed  -5.9
 ​​Sep.        3.32        3.31       3.52      Beat    6.4
 30 2022                                                
 Jun. 30 2022  3.67        3.67       3.87      Beat    5.4​
 Mar. 31 2022  3.55        3.55       3.75      Beat    5.6
 Dec. 31 2021  3.11        3.10       3.26      Beat    5
 This summary was machine generated February 6 at 21:33 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)